Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 46016, Indiana?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 46016, Indiana (ZIP 46016) is $870/month (±$36), based on Census ACS 5-Year estimates (2024). The median home value is $78,500 (±$12,553), and the median household income is $36,029/year. The unemployment rate in Madison County, Indiana was 2.8% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 46016
| Metric | Value |
|---|---|
| Median Gross Rent | $870 |
| Median Home Value | $78,500 |
| Median Household Income | $36,029 |
| Total Housing Units | 7,126 |
| Renter-Occupied Units | 4,242 |
| Renter-Occupied Share | 60% |
| Households Paying 50%+ Income | 1,193 households |
| Unemployment Rate(April 2026) | 2.8% |
How does ZIP 46016 compare?
Median gross rent ranked against all ZIP codes in Indiana.
Higher rent than 39% of ZIP codes in Indiana · 392th of 642
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 46371 | $2,095 |
| 2 | ZCTA5 46075 | $2,034 |
| 3 | ZCTA5 47231 | $2,025 |
| … 388 more … | ||
| 392 | ZCTA5 46016(you are here) | $870 |
| … 247 more … | ||
| 639 | ZCTA5 47516 | $496 |
| 641 | ZCTA5 46186 | $485 |
| 642 | ZCTA5 47989 | $483 |
Geography
ZIP 46016 is in Madison County, Indiana.
It covers part of Anderson city, Indiana.
More data for ZCTA5 46016
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Frequently asked questions
What is the average rent in ZCTA5 46016, Indiana?
The median gross rent in ZCTA5 46016, Indiana (ZIP 46016) is $870/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 46016, Indiana?
The median rent for a 2-bedroom in ZCTA5 46016, Indiana is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 46016, Indiana?
The median home value in ZCTA5 46016, Indiana (ZIP 46016) is $78,500 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 46016 are rent-burdened?
In ZCTA5 46016, Indiana, 1,193 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 46016, Indiana?
The median household income in ZCTA5 46016, Indiana is $36,029/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $870 has a margin of error of ±$36. In very small areas, MOEs can be large relative to the estimate.
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